Amazon just dropped $44.2 billion in a single quarter on capital expenditures. That’s not a typo. The figure represents a 77% increase from the $25 billion the company spent in the same period last year, and it signals that Amazon’s AI spending spree is accelerating, not slowing down. The numbers behind Amazon’s AI bet The
José Luis Escrivá, one of the European Central Bank’s most vocal voices on modernization, is pushing central banks to take a hard look at whether their financial infrastructure can survive the AI era. His message is straightforward: the systems that underpin European finance were not built for a world where machine learning models can move
BlackRock (BK), the world’s largest asset manager, overseeing $14 trillion in assets, is deepening its push into tokenized finance with a pair of new filings tied to blockchain-based U.S. Treasury and money-market funds. In a Friday filing with the U.S. Securities and Exchange Commission (SEC), the asset management giant proposed launching the BlackRock Daily Reinvestment
Susan Collins, president of the Boston Federal Reserve, used a May 7 appearance on Bloomberg’s “Big Take” podcast to deliver a message crypto investors probably didn’t want to hear: interest rates aren’t going anywhere. Collins pointed to energy shocks stemming from the Iran conflict as a major force keeping inflation stubbornly above the Fed’s 2%
Lumentum Holdings, the photonics and optical technology company trading under the ticker LITE, is being added to the Nasdaq-100 Index effective May 18, 2026. It replaces CoStar Group (CSGP) in the index that tracks the 100 largest non-financial companies listed on the Nasdaq exchange. The inclusion caps one of the more remarkable growth stories in
Trump Media & Technology Group (DJT) reported a net loss of approximately $405.9 million for the first quarter of 2026, with the company attributing the bulk of the decline to write-downs on its cryptocurrency and stock holdings. In its quarterly filing, the company stated that unrealized losses from digital assets and equity investments reached roughly
Traditional finance firms are expanding into crypto prediction markets as event-based contracts draw deeper liquidity. Chainalysis said inflows have risen sharply since September 2024, supported by retail traders, market makers, and institutions. Key Takeaways: Traditional firms are expanding their presence as crypto prediction markets attract deeper liquidity. Retail activity helped draw market makers, institutions, and
The financial market has witnessed another massive leveraged trade gone wrong. A trader betting heavily against the Nasdaq 100 and S&P 500 now faces more than $1.9 million in unrealized losses. The situation became even more dramatic after the trader deposited another $1 million $USDC to avoid liquidation. The move immediately sparked discussions across crypto
JPMorgan AI spending has been reclassified from discretionary innovation to core infrastructure, placing it alongside data centers and cybersecurity in the bank’s budget. JPMorgan has reclassified JPMorgan AI investment as core infrastructure, treating its $2bn annual budget as non-negotiable as cybersecurity. The world’s largest bank has moved its AI spending out of the discretionary innovation
Think of it like a water balloon. Squeeze one side, the other side bulges. That, in essence, is what Federal Reserve Vice Chair for Supervision Michelle Bowman told attendees at the Hoover Institution on May 8: a decade of post-crisis banking rules has squeezed corporate lending out of regulated banks and into the hands of